Dutch carrier KLM said Friday it will cut between 4,500 and 5,000 jobs because of the coronavirus crisis. The company said in a statement that in addition to 1,500 job losses, some 1,500 temporary contracts won't be renewed and 2,000 jobs will be suppressed via a voluntary departure scheme. The group also expects natural attrition through retirement" to help cut an extra 500 jobs. KLM said it does not expect demand to fully recover before 2023 or 2024 and said further staff reductions are possible given the high level of uncertainty." Earlier this month, the European Commission approved a bailout package of 3.4 billion euros ($4 billion) in loans offered by the Dutch government to help the company navigate the crisis.
The suspension of domestic flight operations to Kolkata from six major cities has been extended till August 15
AAI has put SpiceJet operations across the country on a "cash and carry basis"
In Commercial Airplanes Programs, Boeing delivered a total of 20 aircraft in the second quarter of 2020
At present, the fourth round of 'UDAN' is under process
Widespread travel restrictions almost completely suppressed international air travel in Asia during the second quarter of 2020, preliminary June traffic figures released by the AAPA showed
With domestic air travel resuming only from May 25th, analysts expect Q1 performance to be adversely impacted due to truncated size of operations & travel restrictions by state governments
Boeing hopes to bring the jet to market as passenger travel rebounds after a downturn caused by the pandemic
The pilots said employees may be forced to challenge the decision in court, which might be a hurdle for the privatisation process
SpiceJet will be the first Indian budget carrier to operate services to the United States
Chicago-based United flew only a fraction of its normal capacity in the second quarter and expects to fly about 35% of its normal summer schedule in the third quarter
National carrier's board authorises chairman Rajiv Bansal to work out controversial proposal
National carrier has a debt of around Rs 70,000 cr and the government started the process to sell it to a private entity in January
Industry is a critical cog in the broader global economy, says investor service company
Nearly 114,000 customers went through Dallas-Forth Worth airport on July 11, an improvement from a 10,000 per day trough in April.
The Indian government has arranged three Vande Bharat mission flights from South Africa, repatriating thousands
India suspended all scheduled international passenger flights on March 23 due to the coronavirus pandemic.
DGCA allowed 13 companies to conduct delivery trials last month
Boeing's 737 Max has been grounded since March 2019 because of two deadly crashes
A DGCA official said that the showcause notice has been served post the pilot's allegations